Is this an expense?

[IanIan]

Hi,

I went to work at a company's office for a week and stayed in a hotel whilst I was there.

I invoiced the company for the work and the entire cost of the accomodation and the invoice contained a breakdown of the total amount.

So does the accomodation count as an expense or can I just add the total of this invoice to my total earning for the year?

Cheers,

Ian.

[malvolio]

Expense like how? If the client paid directly, it's nothing to do with your accounts. Otherwise,

If you paid the original bill yourself, then claimed it back, it's an expense.

If your company paid, it's cost of sales.

Then if you charged your client for it, it's income.

But whichever way you paid and reclaimed it comes off profits, so it is an expense and is tax deductible against CT. Which I assume is what you are asking...

[IanIan]

I payed and then showed the bill to the company. My query is whether it counts as an expense at all given that I was re-embursed for the full value?

[malvolio]

I payed and then showed the bill to the company. My query is whether it counts as an expense at all given that I was re-embursed for the full value?

Of course it is, since YourCo has paid you. If you are finacnially astute enough to recover the money from a third party, that's another matter altogether!

[TheFaQQer]

I payed and then showed the bill to the company. My query is whether it counts as an expense at all given that I was re-embursed for the full value?

paid
reimbursed